5601 High Tower DrEvansvilleIN47711
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Evansville at 5601 High Tower Dr, Evansville, IN, 47711 offers a 7.49% rental yield on a $399,900 purchase with $2,496/mo rent. Total monthly income registers $2,496/mo, and a $1,957/mo payment leaves $96/mo available for distribution. Annual cash flow reaches $1,149/yr on $132,567 to close, and return on cash invested stands at 20.78% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 107.24% and total cumulative return in cash at $142,160. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,496/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,101 (100%) |
| Owner Occupied HU | 9,728 (69.0%) |
| Renter Occupied HU | 3,243 (23.0%) |
| Vacant Housing Units | 1,130 ( 8.0%) |
| Median Home Value | $186,195 |
| Average Home Value | $202,916 |
Housing Distribution
Address Breakdown
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
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Listed by: Jerrod W Eagleson • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls ID: #202527215